Nichols PLC - Looking Bullish
Nichols PLC Share Price Analysis - Possible Long
Reasons to be bullish -
Broken out of trending channel
Pushed above the 200 day moving average
Higher highs lower lows
RSI bullish
What next -
Upside -
Could potential test the 16.50 area again. Will face some resistance here as there was a big weekly sell off last time the price was here.
If it breaks through 16.50 area, it could then test the 18.30 area
Downside -
If the price breaks below 14 area, we could it go down to 13.50. It could then go into a period of consolidation.
Be aware -
Nichols have their ex-dividend date in late March.
As always do your own research. This is not a recommendation to buy or sell, only an overview of the latest price action.
Reasons to be bullish -
Broken out of trending channel
Pushed above the 200 day moving average
Higher highs lower lows
RSI bullish
What next -
Upside -
Could potential test the 16.50 area again. Will face some resistance here as there was a big weekly sell off last time the price was here.
If it breaks through 16.50 area, it could then test the 18.30 area
Downside -
If the price breaks below 14 area, we could it go down to 13.50. It could then go into a period of consolidation.
Be aware -
Nichols have their ex-dividend date in late March.
As always do your own research. This is not a recommendation to buy or sell, only an overview of the latest price action.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.